student loans

Amazon Prime is known for its 2-day shipping service and other perks, like free movies and TV shows for streaming through Prime Video and unlimited photo storage, among other things. But now you can add another benefit to the growing selection of perks that come with being a Prime customer: student loan discounts. Wells Fargo and Amazon announced this morning plans to offer Amazon Prime… Read More

Some online loan platforms have taken a hit of late, but not all of them are struggling: today, CommonBond, a platform that specialises in loans and refinancing for students, is announcing that it has raised $300 million in debt to loan out to prospective borrowers; and a further $30 million in a Series C equity round to continue building out its platform.
On top of this, the company has… Read More

Hillary Clinton’s campaign advisers sought to explain the student debt deferment portion of her tech agenda on a call with reporters today, after the item generated criticism that the plan would provide financial benefit to wealthy members of the tech sector. Read More

In the year since its launch, Tuition.io, the company billing itself as the Mint.com for managing student loans, has grown to manage over $1 billion in loans. The company, which provides a monitoring and management service for student loan payments, has just picked up an investment from Raj Date, the former second-in-command at the U.S. Consumer Financial Protection Agency, through Fenway… Read More

New York City-based CommonBond launched in late 2012 on a mission to bring the power of person-to-person lending and crowdsourcing to the student debt crisis. With student debt in the U.S. having surpassed $1 trillion, college grads find themselves in an ugly situation today when it comes to subsidizing their education. Borrowing money from Uncle Sam means turning to federal loans and their… Read More

By now, you’ve probably heard about the mounting student loan crisis. Thanks to the financial crisis, the high cost of a college degree and comparatively high interest rates in the U.S., some 40 million Americans have amassed somewhere between $1.08 and $1.2 trillion in debt. With the average debt load nearing $30K per student in the class of 2012, it’s no wonder student loan debt… Read More

With outstanding student debt now over $1 trillion in the U.S., it’s clear that college grads are struggling mightily to make payments and refinance their debt. Meanwhile, thanks to decades of plummeting borrowing costs, millions upon millions of consumers have been able to refinance mortgages and begin paying down debt.
In some irrational alternate universe, one might expect that… Read More

Currently, outstanding national student loan debt is over $1 trillion, $864 billion of which is backed by ye olde federal government. According to the Center for American Progress, the majority of those loans have an interest rate higher than six percent — generally speaking, twice the average mortgage rate and is thrice the rate at which the government borrows. In the American… Read More

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Debt-management focused Student Loan Hero is ramping up the competition in the “Mint for Student Loans” space, with now 2,000 people on board, $63 million in debt under management, a platform built on proprietary technology (not Yodlee, like some of its nearest competitors), and a little bit of seed funding from Expansion VC. Read More

Piggy-backing on the recent launch (and massive funding) of SoFi, a new startup is launching today that wants to breathe some fresh air into the broken, complex and mollasses-slow student loan system.
New York City-based CommonBond aims to bring the power of crowdsourcing to bear on student debt by connecting student borrowers and alumni investors and offering loans at a lower fixed rate than… Read More

Student debt is a very serious problem that can no longer be ignored. Recently, student debt in the U.S. topped $1 trillion, eclipsing both national credit card and car loan debt. Naturally, a debt crisis of this proportion didn’t grow over night; it’s been coming for years. So, in 2011, a group of Stanford business school grads decided to start Social Finance, with the goal of… Read More

Last October, we wrote about Binksty, a young startup that aims to give college students saddled with debt a one-stop shop to manage loans, pay off debt, as well as educate them on the best ways to save money. The student loan situation in the U.S. was atrocious then, and it continues to be atrocious now.
A recent report from the New York Times shows that the total balance of student loans… Read More